Chinese firm eyes Evergreen City for renewable energy hub

by Editor2
71 views 2 minutes read

Relief may soon come the way of Nigerians, as Sinoma International Engineering Company, a leading subsidiary of the CNBM Group, has expressed interest in siting its renewable energy technology manufacturing industry in the Nigeriaโ€™s Evergreen City.

To this end, the companyโ€™s Chairman, Yin Zhisong, hosted Nigeriaโ€™s Special Presidential Envoy on Climate Action (SPEC), Ajuri Ngelale, to a dinner in Beijing, where the potential partnership formed the crux of their discussions.

Sinomaโ€™s interest in Evergreen City, Presidency officials say, is not unconnected with the vote of confidence in the President Bola Tinubu-led administrationโ€™s green industrial vision for Nigeria.

Ngelale said: โ€œAfter a long journey to Beijing from Accra over the weekend, Nigeriaโ€™s endeavour to achieve value chain localisation in renewable energy technology manufacturing took a significant step forward.โ€

as I was hosted by the Chairman of Sinoma International Engineering Company, Mr. Yin Zhisong, to a dinner in the Chinese capital.

โ€œA leading subsidiary of the CNBM Group, which boasts $85 billion in assets under management, 200,000 employees, 11,000 patents, and 26 R&D Institutes, Sinoma expressed strong interest in siting its formidable renewable energy technology manufacturing industry in Evergreen City as a strong demonstration of their belief in H.E. President Bola Tinubuโ€™s green industrial vision. It was a productive and memorable introductory session.โ€

The Chinese firmโ€™s move would boost the countryโ€™s efforts to achieve value chain localisation in the sector. IN a related development, the SPEC joined a virtual discussion with a combined technical team from the U.S. Department of Energy and the U.S. State Department to discuss Nigeriaโ€™s development of a circular economy and a new initiative to co-create industrial clusters and consumer credit-tied financing packages.

The initiative to unlock Nigeriaโ€™s envisioned $1 trillion GDP in an inclusive manner is to create opportunities for all Nigerians.

โ€œFollowing the hours-long evening reception, I joined a very important (1:00am Beijing time/1:00pm D.C. time) virtual discussion with a combined technical team from the U.S. Department of Energy and the U.S. State Department with respect to a follow-up on Nigeriaโ€™s development of a circular economy and the new programmatic, project-driven, private sector-led, and public sector-enabled initiative to co-create industrial clusters and consumer credit-tied financing packages to unlock Nigeriaโ€™s envisioned $1 trillion GDP in an inclusive fashion that creates opportunity for all Nigerians,โ€ the presidential spokesman added. (The Guardian)

You may also like

Leave a Comment

Adblock Detected

Please support us by disabling your AdBlocker extension from your browsers for our website.